James knows that he eventually wants to buy a motorcycle and

Last updated: 7/12/2023

James knows that he eventually wants to buy a motorcycle and the model he has in mind costs 5 000 He has found a bank that will let him open a saving account with 7 interest that is compounded monthly If he wants to buy his motorcycle in 5 years he s still nervous how much money should he invest in the account now Round only at the very last step of the problem Give your answer rounded to the nearest dollar Do not include in your answer choice Provide your answer below